Tag: Batesville

Finance

Batesville notes from Hillenbrand Industries Quarterly Report

Last week Hillenbrand Industries reported their Fiscal Year 4th Quarter of 2022 and their Year End results for Fiscal Year 2022.  It is noted that Hillenbrand operates on an annual fiscal year calendar from October 1 to September 30. Over the years Hillenbrand has moved from a company predominantly based in the death care business via their operation of Batesville to a more well-defined manufacturing industry conglomerate with Batesville as a minority representative of sales and profits.  For instance, 4Q22 […]

Afternoon Edition

Top read stories and more information for you

It is our custom at Funeral Director Daily to post the top-read stories of the past 30 days at the middle of every month.  Just in case you missed one or two of them.  . here they are. In addition we are putting out some information for that you may find useful pertaining to the CANA Peer Network and new offerings from the NFDA’s podcast series, A Brush with Death. Here are Funeral Director Daily’s top-read articles from August 15 […]

Business Finance

Forbes writer advocates for Batesville spin-off from Hillenbrand

Earlier this summer we brought you this article which brought information that parent company Hillenbrand Industries was contemplating “strategic alternatives” for its Batesville division.  Last week Forbes contributing writer Jim Osman expressed in this article his opinion that the Batesville division should be “spun-off” from Hillenbrand in order to unlock “shareholder value”. Osman contends that up until about the year 2010 Batesville “was” Hillenbrand Industries.  It was about then that Hillenbrand began using the predictable cash-flow and profits from Batesville […]

Finance

Quarterly report at Hillenbrand reinforces recent results

Hillenbrand Industries, the parent company of Batesville Casket, reported its 3rd Quarter results earlier in the week.  The 3rd Quarter for Hillenbrand encompasses the April thru June time period. It’s interesting to note that the Batesville segment of the business carried through with what we have been seen in the death care profession with other public companies April thru June 2022 reports.  That includes slightly elevated dollar sales volume, compressed EBITDA margins, and what appears to be less volume in […]

Finance

Batesville increases revenues on lower volume sales

  Hillenbrand Industries, parent company of Batesville, reported its 2nd Quarter 2022 (January thru March) last week and with it reported that the Batesville division increased their sales over the same quarter of last year by 6% to $176 million for the quarter.  That was done, for the most part, by implementing a “price surcharge” in January 2022 to “offset the significant increase in commodity costs.” The quarterly report, which you can read here, also made mention that “Burial casket […]

Finance

Retail death care stocks lead the run-up

On Friday the Dow Jones Industrial Average (DJIA) set a new record high by closing at 35,677.  On January 1, 2021, the DJIA stood at 30,606 so that high on Friday indicates a 16.6% increase year to date for 2021.  That’s pretty impressive. . . . and the NASDAQ closed Friday up 19.1% year to date and the S & P 500 index also closed on that date with a 20.9% increase year to date. Pretty impressive. . . but […]

Afternoon Edition

Hillenbrand announces leadership succession plan

Hillenbrand Industries, parent company of Batesville Casket Company, announced last week that current CEO Joe A. Raver will be retiring at the end of 2021.  The following day, Kimberly K. Ryan will succeed him as CEO of the company. In a press release that you can read here, Hillenbrand Chairperson Joe Loughrey describes Raver, “A steadfast and strategic leader, Joe has guided Hillenbrand since 2013. During his tenure, he played a significant role in transforming the Company from a $600 […]

Finance

Funeral stocks continue solid climb

As of last Friday, June 4, we were over five months into the 2021 calendar year.  Funeral Director Daily decided it was time to take a look at where the Death Care stocks were in relation to the stock market indices up to that day. What we found out is that the stocks of companies that comprise the Funeral Director Daily Death Care Index (DCI) continue to show a positive movement — and even higher growth than the indices of […]

Finance

Batesville shows another strong quarter

Batesville, a division of Hillenbrand Industries, reported their Fiscal Year 2nd Quarter during the first week of May.  While the entire company revenue increased 11% year over year, Batesville, the funeral service side of the business, increased their revenue by over 20% to a quarterly volume of $166 million. Here’s what was said in the FY 2Q 2021 report about the Batesville segment of Hillenbrand Industries: “Revenue of $166 million increased 20% year over year driven by an increase in […]

Finance

Hillenbrand reports 1Q 2021. . .Batesville sales soar 30%

In the world that we are living in, it is certainly not unexpected, but to see Batesville’s sales soar 30% for the October, November, and December quarter is both mind boggling and sobering. It is, in my opinion, mind boggling simply to see any company, without a major acquisition, grow their sales by 30% in a fiscal quarter.  And, it is sobering, because in the COVID-19 pandemic world, we all know the major reason while Batesville has had this growth. […]